555 N Ferrocarril, Atascadero, California 93422, Atascadero, 93422 - 1 bed, 1 bath
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555 N Ferrocarril
Atascadero, California 93422
ACTIVE
CONDITION: GOOD
1Beds
1Baths
480Sq Ft
480Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$300,000
SUMMARY
This High-Potential Investment Opportunity is a turnkey 1-bedroom condominium listed at a List Price of $300,000, which aligns perfectly with its $300,000 Fair Market Value. Featuring a Condition Rating of 3, this low-maintenance asset includes modern amenities like central HVAC and dual-pane windows. Its location near the Juan Bautista de Anza trail and local retail hubs ensures consistent rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or 55+ Owner-Occupants seeking a stable, move-in ready residence in a boutique community.
Estimated Market Value
$300,000
Based on Realkey algorithm analyzing recent comparable sales in Atascadero.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 N Ferrocarril Subject 1 bd · 1 ba · 480 sqft · $625 | $300,000* List Price | 1 | 1 | 480 | $625 | - |
A 551 N Ferrocarril Active 1 bd · 1 ba · 480 sqft · $625 · 0.0 mi | $300,000 List Price | 1 | 1 | 480 | $625 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005, this property falls within the 20-year age bracket for well-maintained homes. The listing describes it as turnkey and low-maintenance with functional systems including central HVAC and dual-pane windows, appearing move-in ready in photos.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Opportunity
This turnkey, low-maintenance rental is located in a desirable 55+ community where owners are not required to meet the age restriction, offering immediate income potential for investors.
- Modern Amenities
Built in 2005, the home features essential modern comforts including central heating and air, energy-efficient dual-pane windows, and an interior laundry area with appliances included.
- Prime Location
The property is ideally situated near the Juan Bautista de Anza walking trail and popular retail hubs like Trader Joe's and Starbucks, enhancing its lifestyle appeal.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 480 square feet of living area, the compact footprint may be a deterrent for buyers or tenants seeking more storage or room for guests.
- Occupancy Restrictions
The 55+ age requirement for occupants significantly restricts the potential tenant pool and future resale market to a specific demographic.
About 555 N Ferrocarril
Calling all investors! Experience owning an easy, low-maintenance 55+ single-level rental in the desirable Casa Rio Development. Set on a level lot in a boutique 60-unit community with manicured grounds and a decorative roundabout, this turnkey 1-bedroom, 1-bath home offers comfort and convenience. The bright open layout extends outdoors to a front patio, ideal for morning coffee or evening relaxation. Highlights include central heating and air, energy-efficient dual-pane windows, interior laundry with included stackable washer/dryer, refrigerator, and optional RV/boat parking. Conveniently located near the Juan Bautista de Anza walking trail, Trader Joe's, Starbucks, and shopping. Investors welcome—owners do not need to be 55+ (occupants only).
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 480 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.4 |
| Baths | 1.0 | 2.6 |
| Square foot | 480 | 1,407.667 |
| Lot Size | 480 | 1,356.667 |
| Price | $300.0K | $495.0K |
| Price per sq ft | $625 | $403 |
| Built year | 2005 | 1994 |
| HOA | $200.0 | $324 |
| Days on market | 18 | 94 |
Pricing History
Listed for Sale
Oct 6, 2026
$300,000
Initial Listing
Sold
Mar 17, 2016
$40,000
Public Record